❓GM wants to know if you're done with that battery now? No? That's ok. They'll wait.
💰GM has invested in a partnership with Canadian battery recycling company Lithion Recycling.
🥼The undisclosed amount will finance Lithion's efforts to open its first commercial plant next year and fund joint battery processing R&D.
🏭The flagship recycling plant will process 7,500 tons a year and eventually be joined by more plants in the US, Europe, and South Korea.
👍Lithion's goal of 95% recovery will lead to cheaper battery production for GM, a 75% cut in mining emissions, and a 90% drop in water consumption.
TL; DR - Tesla says their Chinese sales are aok, and you should mind your business. Carvana should mind its business, but, like, in a ‘get things in order’ kinda way, and the used car business is seeing an influx of exotic cars as Crypto investors face a time “between prosperity.”